News Archive - Page 27 of 35 - The Banking Association South Africa

News

FUTURE FOR SOUTH AFRICA’S NATIONAL DEVELOPMENT PLAN (NDP)

Normally, one would say that a long-term project like the NDP should not be judged in five years. Unfortunately, we are already in a position to see that the right steps are not being taken to achieving the goals of the plan.

SA JUNK STATUS – TRIPLE SOVEREIGN RATINGS DOWNGRADE

This has been the year when awareness of the credit ratings industry entered the mainstream in South African popular culture.

BASA SUPPORTS THE INDEPENDENCE OF THE SA RESERVE BANK

The Banking Association South Africa notes the recent statements around the South African Reserve Bank made during the African National Congress Policy Conference. It is in the interest of all South Africans — particularly the poorest of the poor, who bear the brunt of financial instability — that the independence of the SA Reserve Bank be protected.

SA BANKS TOP RANK – LAFFERTY’S GLOBAL BANK QUALITY SURVEY

The Banking Association South Africa welcomes the news that South African banks have been ranked as the best in the world by respected international banking consultancy Lafferty Group.

STATEMENT ON PRIVACY IN BANKING SECTOR – JUNE 2017

The constitutional right to privacy of key executives in the South African banking sector must be protected.

FINANCIAL SECTOR REGULATION BILL NEWS ARTICLE – JUNE 2017

We welcome today’s passing of the Financial Sector Regulation Bill by the National Assembly and its forwarding to the President for his consideration.

STATEMENT PUBLIC PROTECTOR & SA RESERVE BANK – 2017

Comments by the Public Protector relating to the mandate of the SA Reserve Bank are particularly alarming.

MOODY’S DOWNGRADES SOUTH AFRICA’S FIVE MAJOR BANKS

The recent credit-rating downgrades of the five largest South African banks were expected, following our country’s recent sovereign rating downgrade. Read the media release here.

ECONOMIC TRANSFORMATION (ET) AND STRATEGY AND TACTICS (S&T)

The Banking Association South Africa (BASA) and the Association for Savings and Investment South Africa (ASISA) today met with the ANC in Johannesburg.

MOODY’S KEEP SA SOVEREIGN RATINGS ABOVE SUB-INVESTMENT GRADE

There is some good news in the midst of the recent news of our economy being technically in recession. Read the Response by The Banking Association to Moody's Announcement.